Finance Act 2007, Cross Heading: Valuation of shares listed on recognised stock exchange for purposes of TCGA 1992 etc is up to date with all changes known to be in force on or before 28 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
4(1)In section 272 of TCGA 1992 (valuation: general), for subsections (3) and (4) substitute—U.K.
“(3)The Treasury may make regulations as to the manner for determining for the purposes of this Act—
(a)the market value at any time of shares or securities which are included in the official UK list, and
(b)the market value at any time of shares or securities which are listed on a recognised stock exchange outside the United Kingdom.
(4)The regulations may—
(a)make different provision for different cases, and
(b)contain incidental, supplemental, consequential and transitional provision and savings.”
(2)The amendment made by sub-paragraph (1) has effect where the date of valuation falls on or after such day as may be appointed by the Treasury by order; and different days may be appointed for different purposes.
Commencement Information
5(1)In ITTOIA 2005, for sections 450 and 451 substitute—U.K.
(1)The Treasury may make regulations as to the manner for determining—
(a)the market value at any time of a strip for the purposes of this Chapter, and
(b)the market value at any time of a security exchanged for strips of that security for the purposes of section 445(1).
(2)The regulations may—
(a)make different provision for different cases, and
(b)contain incidental, supplemental, consequential and transitional provision and savings.”
(2)The amendment made by sub-paragraph (1) has effect where the date of valuation falls on or after such day as may be appointed by the Treasury by order; and different days may be appointed for different purposes.
Commencement Information
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